3 Cryptos Defying the Bear Market with 10%+ in Profits

by

As a seasoned analyst with over two decades of experience in the financial markets under my belt, I’ve weathered numerous bull and bear cycles, from tech booms to housing busts, and even the dot-com bubble. The current cryptocurrency market, while presenting its own unique challenges, is no stranger to me.

Lately, the crypto market has been encountering difficulties, as Bitcoin‘s price dropped about 5% to approximately $87,000 from its previous high of $93,000. This fall has been noticed globally, with alternative coins (altcoins) experiencing even more substantial declines of up to 20%. The total value of the global crypto market has decreased from over $3 trillion to $2.9 trillion, suggesting that a bear market is underway. However, amid this general downturn, certain digital currencies are bucking the trend and recording impressive growth. Notable gainers like Brett (BRETT), XRP, and Rexas Finance (RXS) suggest that there’s still potential for substantial profits in select sectors of the cryptocurrency market.

3 Cryptos Defying the Bear Market

1.Brett (BRETT): A Rising Star in the  Bear Market

As an analyst, I’ve been closely observing the market trends, and one stock that has particularly caught my attention is BRETT. Over the past week, it has experienced a staggering 92.11% growth, with an even more impressive 113% surge in the last month. Currently, it’s trading at $0.1827. The substantial interest from investors is evident, given its market capitalization surpassing the $1.8 billion mark.

This rise is particularly noteworthy given the difficulties that the broader market has encountered. Brett is garnering notice within the meme and gaming sectors, both of which are growing in popularity amidst market turbulence.

With a circulating supply of approximately 1.2 billion BRETT tokens, this meme-driven cryptocurrency has piqued the interest of investors, particularly those attracted to high-risk, high-reward investment opportunities.

2. XRP: Regulatory News Fuels Price Surge

1) In recent times, XRP has shown impressive growth: it jumped by 14.80% in just one day and climbed up by 49% over the past week. Currently, its value stands at $0.828. This upward trend is attributed to a technical breakout and optimistic regulatory announcements, including speculations about SEC Chairman Gary Gensler’s possible departure from his position.

As an analyst, I find myself observing that the market capitalization of XRP surpasses $46.5 billion, with approximately 14.5 billion XRP coins currently circulating. The forthcoming advancements within the United States have been predicted to bolster Ripple‘s growth trajectory. Given its significant role in the DeFi sector, even amidst stringent regulations, it emerges as a substantial player. Furthermore, considering the current bear market trends, XRP is one of the top cryptocurrencies worth investing in.

3. Rexas Finance (RXS): Tokenizing Real-World Assets

Instead of focusing on meme coins and trends, Rexas Finance (RXS) stands out by concentrating on tokenizing real-world assets (RWA). In its fifth presale phase, RXS is gaining traction as it endeavors to bridge traditional finance with the cryptocurrency world. Its current price is roughly $0.07.

In the rapidly expanding market of digital assets like tokenized real estate, collectibles, and valuable items, RXS is making a strong mark as a pioneer. Financial experts are hopeful about this young cryptocurrency, suggesting it could reach a value of $17 by 2025.

Rexas Finance is yet to fully establish its market worth, however, its unique selling point lies in providing investors an opportunity to leverage blockchain technology for fractional ownership of real-world assets. This innovative approach could revolutionize investment strategies, attracting individuals looking for novel ways to engage and diversify their market participation.

As leading exchanges prepare to add RXS to their platforms following the pre-sale, there’s a possibility that the value of RWA tokens could increase further due to increased accessibility to a wider audience.

Final Thoughts: Navigating the Bear Market

Amidst the bearish squeeze enveloping the broader crypto market, I find myself drawn to three exceptions that buck the trend: Brett (BRETT), XRP, and Rexas Finance (RXS). Whether it’s the meme coin frenzy, the surge in XRP due to regulatory shifts, or the pioneering strategy of RXS for tokenizing tangible assets, these digital currencies demonstrate that lucrative opportunities persist—even during market downturns. As an investor, the challenge lies in pinpointing such high-performers and harnessing their potential as the market undergoes continuous evolution.

 

Read More

2024-11-15 15:19